economy growing. well now, we've got a bigger problem on our hands. >> reporter: in fact, it all reminds mansharamani of the last great asian bubble: japan. that's our stretch of a segue to the tables down at morys and a whiff of the whiffenpoofs, yales famed a capella singing group. the professor had invited us to dinner with three of his former students. jared middleman and zachary graham buy into the china bubble hypothesis. rhodes scholar-designate cate laporte-oshiro does not. >> i think that while they have a lot of pressure stacked against them, declining labor force, overinvestment corruptions, scandals, at the same time they've done fairly well dealing with a lot of different problems at one time. >> i thought we learned through the example of the soviet union that central planning is good at mobilizing resources but is not good at sustaining innovation, not good at sustaining incentives for real long term growth. >> reporter: and yet, given all the trillions the country has amassed over the